Thursday, February 11, 2016


POSTED: Monday, February 27, 2012, 6:00 AM
Filed Under: Technology

LiftDNA Inc., a 29-month-old online advertising technology firm in King of Prussia, has been purchased by a OpenX Technologies Inc., of Los Angeles.

Terms of the transaction between both privately held companies were not disclosed.

Launched in September 2009, LiftDNA helps Web-based publishers maximize revenue from their online advertising inventory -- the display advertising opportunities that have not be sold by a direct sales force.

POSTED: Tuesday, January 24, 2012, 8:51 AM
Filed Under: Technology

Look for shares of InterDigital to fall sharply at the opening of the U.S. stock market Tuesday.

The King of Prussia wireless technology company ended a six-month strategic review by choosing to remain independent, having not received any bids for the entire company. InterDigital undertook the review, hiring investment bankers in July, following a flurry of patent-driven deals involving Google, Apple and other big tech firms.

Speculation that InterDigital's extensive portfolio of 19,500 patents would attract a rich bid had dragged its shares above $75 per share last August. Shares closed Monday at $44.45.

POSTED: Tuesday, January 17, 2012, 12:58 PM
Filed Under: Technology

CliqSearch, a Center City technology firm, raised about $1 million from several private angel investors to support the launch of its online service to help people find local businesses.

Founded by Alex Pooyan Khorram, who grew up in Newtown Square, CliqSearch uses social network data, such as Facebook Likes, Twitter Followers and Foursquare Check-Ins, shared by friends and "friends of friends" to help prospective customers make purchasing decisions.

"We're social network agnostic," Khorram said.

POSTED: Thursday, January 5, 2012, 11:59 AM
Filed Under: Technology

San Diego-based Active Network Inc. acquired StarCite Inc., a Philadelphia provider of Web-based services to help businesses manage meetings, in a cash-and-stock transaction valued at $57.7 million.

The acquisition, which closed Dec. 30, was announced Jan. 5.

Wayne-based ICG Group Inc., which has held a significant stake in StarCite for many years, said that it would record an initial gain of about $14 million from the sale to Active Network. Shares of ICG were up 14 cents to $8.51 in trading Thursday morning.

POSTED: Friday, December 16, 2011, 12:30 PM
Filed Under: Technology

Shares of Kensey Nash Corp. were down as much as 21 percent Friday morning after the medical device maker said it would enter mediation over a long-running dispute involving royalty payments.

The Exton company has been squabbling with the much bigger St. Jude Medical Inc. over how much Kensey Nash has received from sales of a product called Angio-Seal. That device is used to close wounds after heart-artery surgery.

St. Jude acquired the rights to the Kensey Nash-developed product in 1999.

POSTED: Wednesday, November 30, 2011, 9:48 AM
Filed Under: Manufacturing | Technology

Berwyn-based TE Connectivity has offered to buy Deutsch Group SAS for 1.55 billion euros, or about $2.06 billion.

Most of the wire stories call TE Connectivity a Swiss company, which is correct to a point. But TE Connectivity CEO Tom Lynch and his top management team run the Switzerland-domiciled company from Chester County.

Even TE's recently filed annual report lists its principal offices in Berwyn "in a facility that we rent."

POSTED: Monday, November 7, 2011, 10:50 AM
Filed Under: Technology

Yardley-based MobileMD Inc. has been acquired by Siemens Healthcare, a Malvern-based unit of German conglomerate Siemens AG.

Terms were not disclosed, but the 55-employee provider of cloud-based health information exchange services to hospitals and other health-care providers is expected to continue to operate from its Bucks County location.

MobileMD was spun off by Intraprise Solutions Inc. in 2009. It subsequently raised $4.75 million in capital, according to the MoneyTree Report, released by PricewaterhouseCoopers and the National Venture Capital Association.

POSTED: Friday, October 28, 2011, 6:16 PM
Filed Under: Technology

Even if just for a few hours, it was nice to be in a darkened room surrounded by people trying to tackle problems bigger than Europe’s sovereign-debt soap opera.

We’re talking reducing energy use, speeding up water-quality testing, and closing the funding gap for promising college students.

No economists or policymakers took the stage with prescriptions for debt swaps or austerity measures at the Investors’ Circle Fall Venture Fair at World Cafe Live in West Philadelphia on Thursday morning. Just entrepreneurs who mind their P’s -- people, planet, and profit -- while trying to build their businesses.

About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at

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